View Options

More Resources:

income withdrawals

39(a) (as defined in paragraph 7 of Schedule 28 to the Finance Act 2004) in relation to a member of a pension 3998scheme, amounts (other than an annuity) which the member is entitled to be paid from the member’s:144

(i) drawdown pension fund (as defined in paragraph 8 of that Schedule) in respect of an arrangement; or144

(ii) flexi-access drawdown pension fund (as defined in paragraph 8A of that Schedule) in respect of an arrangement; or144

(b) payments made under interim arrangements in accordance with section 28A of the Pension Schemes Act 1993;

in respect of an election to make income withdrawals, a reference to a
retail client68
, an investor or a policyholder includes, after that person's death, his surviving spouse, 37his surviving civil partner or anyone who is, at that time, his dependant, or both.